This value compares with the 457 million euros that Galp registered in 2021.

The oil company reached an EBITDA (earnings before taxes, interest, depreciation, and amortization) last year of 3,849 million euros, which corresponds to an increase of 66% in homologous terms, according to the statement.

Net 'capex' (investment) reached 1,266 million euros, having been "mainly applied in 'upstream' projects, namely in the maintenance [of the projects of] Bacalhau, Tupi and Iracema, in Brazil, and with the expansion of the portfolio of renewables, including the acquisition of a position in Titan Solar”, highlights the information.